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United States Cross Border Road Freight Transport Market: By Service: Cross-border Freight Transport, International Transportation Management and Freight Forwarding, International Warehousing and Logistics; By Type: Less Than Truckload (LTL), Full Truckload (FTL); By Platform; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
United States Cross Border Road Freight Transport Market Outlook
The United States cross border road freight transport market size was approximately USD 1.12 billion in 2023. The market is assessed to grow at a CAGR of 3.4% between 2024 and 2032, reaching a value of around USD 1.52 billion by 2032.
Key Trends in the Market
Cross border road freight transport involves activities and infrastructure that facilitate the movement of goods across international borders. This transportation method is preferred for the movement of goods due to its cost and time-effective nature.
In 2021, the United States was the largest importer of goods in the world, with China, Mexico, Japan, and Canada being its biggest trade partners.
- One of the significant trends aiding the United States cross border road freight transport market growth is the exponential growth of the e-commerce sector, coupled with an increase in international trade. In early 2023, Mexico became the top trading partner of the United States, with bilateral trade totalling $263 billion in the first four months of the year.
- The US government is promoting e-trucks and encouraging the adoption of alternative fuels amid growing environmental concerns. Additionally, with the rising prices of conventional fuels like petrol and diesel, key players are switching to electric vehicles from traditional ones for cross border road freight to reduce their operating costs.
- The United States cross border road freight transport market expansion is being fuelled by increasing attempts by logistics companies to streamline cross-border trade through innovative solutions. In November 2023, cargo-partner, a top global provider of logistics services, announced the launch of a road transport solution to facilitate smooth operations across the United States, Canada, and Mexico.
- The increasing investments by governments in the expansion of bridges and roads amid rising road congestion are aiding the United States cross border road freight transport market demand. For instance, in November 2023, the US General Services Administration launched a project to expand a bridge and reduce traffic congestion for over 450,000 commercial trucks crossing the US-Mexico border annually.
United States Cross Border Road Freight Transport Market Segmentation
Based on the service, the market is segmented into cross-border freight transport, international transportation management and freight forwarding, and international warehousing and logistics. On the basis of type, the market can be divided into less than truckload (LTL) and full truckload (FTL). Based on platform, the market is divided into crowd shipping platform, digital freight exchange, specialised and generic marketplaces, and tender platform.
Based on end use, the market is divided into automotive, oil and gas, chemicals, agriculture, fishing, and forestry, manufacturing, retail, and healthcare and pharmaceutical, among others. The major regional markets for cross border road freight transport in the United States are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States cross border road freight transport market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- United Parcel Service, Inc.
- Schenker AG
- C.H. Robinson Worldwide, Inc.
- J B Hunt Transport Services Inc.
- FedEx Corp.
- XPO Inc.
- Landstar System, Inc.
- Yellow Corp.
- Knight-Swift Transportation Holdings, Inc.
- Polaris Transportation Group
- WeFreight
- Others
Market Share by Type
As per the United States cross border road freight transport market analysis, the demand for less than truckload (LTL) is significantly increasing amid the robust growth of the e-commerce sector in the country. Such shipments are more cost-effective than full truckload (FTL) and are ideal for small deliveries. The flexibility and scalability of LTL, coupled with an increasing focus on developing a sustainable supply chain, are further fuelling the segment’s growth.
Besides, the expansion of LTL capacities and networks by key players amid the growing focus on enhancing freight flows is aiding the segment’s expansion. For instance, in January 2022, XPO Logistics, Inc. announced the opening of its two LTL terminals in Wisconsin and Arkansas, new fleet management shops at Florida, Ohio, Nevada, and New York terminals, as well as equipment upgrades in Arkansas to drive growth in the North America market.
Market Share by End Use
The pharmaceutical sector represents a significant portion of the United States cross border road freight transport market share. Pharmaceuticals are the third largest category of goods exported by the United States. In 2022, the United States exported approximately $80.1 billion worth of pharmaceuticals, while importing more than twice that value.
Additionally, almost 57% of pharmaceuticals in the US are imported from India, China, and Mexico. Hence, there is an increasing demand for road freight logistics for time-sensitive medical shipments in the United States.
The movement of healthcare and pharmaceutical goods is crucial and highly complex and requires temperature-controlled road transportation solutions. Moreover, medical equipment, including products ranging from drugs to MRI machines, are bulky, fragile, and need special measures such as temperature control.
Competitive Landscape
C.H. Robinson Worldwide, Inc. was founded in 1905 and is headquartered in Minnesota, United States. It is a transportation company that provides third-party logistics services, including freight transportation, transportation management, brokerage, and warehousing.
United Parcel Service, Inc. was established in 1907 and is headquartered in Georgia, the USA. It is a US-based logistics and supply chain management company in over 200 countries and regions.
Schenker AG, founded in 1872, is a German logistics company and a subsidiary of Deutsche Bahn (the German railway company). Through its innovative solutions, the company aims to revolutionise the transportation and logistics sector.
Other United States cross border road freight transport market players include J B Hunt Transport Services Inc., FedEx Corp., XPO Inc., Landstar System, Inc., Yellow Corp., Knight-Swift Transportation Holdings, Inc., Polaris Transportation Group, and WeFreight, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service |
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| Breakup by Type |
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| Breakup by Platform |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Cross Border Road Freight Transport Market Overview
8.1 Key Industry Highlights
8.2 North America Cross Border Road Freight Transport Historical Market (2018-2023)
8.3 North America Cross Border Road Freight Transport Market Forecast (2024-2032)
8.4 North America Cross Border Road Freight Transport Market Share by Country
8.4.1 United States
8.4.2 Canada
9 United States Cross Border Road Freight Transport Market Overview
9.1 Key Industry Highlights
9.2 United States Cross Border Road Freight Transport Historical Market (2018-2023)
9.3 United States Cross Border Road Freight Transport Market Forecast (2024-2032)
10 United States Cross Border Road Freight Transport Market by Service
10.1 Cross-border Freight Transport
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 International Transportation Management and Freight Forwarding
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 International Warehousing and Logistics
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United States Cross Border Road Freight Transport Market by Type
11.1 Less Than Truckload (LTL)
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Full Truckload (FTL)
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Cross Border Road Freight Transport Market by Platform
12.1 Crowd Shipping Platform
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Digital Freight Exchange
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Specialised and Generic Marketplaces
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Tender Platform
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 United States Cross Border Road Freight Transport Market by End Use
13.1 Automotive
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Oil and Gas
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Chemicals
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Agriculture, Fishing, and Forestry
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Manufacturing
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Retail
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Healthcare and Pharmaceutical
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Others
14 United States Cross Border Road Freight Transport Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 United Parcel Service, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Schenker AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 C.H. Robinson Worldwide, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 J B Hunt Transport Services Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 FedEx Corp.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 XPO Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Landstar System, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Yellow Corp.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Knight-Swift Transportation Holdings, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Polaris Transportation Group
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 WeFreight
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Cross Border Road Freight Transport Market: Key Industry Highlights, 2018 and 2032
2. United States Cross Border Road Freight Transport Market: Key Industry Highlights, 2018 and 2032
3. United States Cross Border Road Freight Transport Historical Market: Breakup by Service (USD Billion), 2018-2023
4. United States Cross Border Road Freight Transport Market Forecast: Breakup by Service (USD Billion), 2024-2032
5. United States Cross Border Road Freight Transport Historical Market: Breakup by Type (USD Billion), 2018-2023
6. United States Cross Border Road Freight Transport Market Forecast: Breakup by Type (USD Billion), 2024-2032
7. United States Cross Border Road Freight Transport Historical Market: Breakup by Platform (USD Billion), 2018-2023
8. United States Cross Border Road Freight Transport Market Forecast: Breakup by Platform (USD Billion), 2024-2032
9. United States Cross Border Road Freight Transport Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. United States Cross Border Road Freight Transport Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. United States Cross Border Road Freight Transport Historical Market: Breakup by Region (USD Billion), 2018-2023
12. United States Cross Border Road Freight Transport Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. United States Cross Border Road Freight Transport Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.12 billion.
The market is estimated to grow at a CAGR of 3.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 1.52 billion by 2032.
The market is being driven by the United States' active cross border trade with China, Mexico, Japan, and Canada and the increasing trend of online shopping.
The key trends aiding the market expansion include the growing adoption of sustainable practices like electric trucks by key players and the introduction of projects and initiatives to facilitate easy cross border trade.
The major services cross border road freight transport are cross-border freight transport, international transportation management and freight forwarding, and international warehousing and logistics.
The different end uses of cross border road freight transport are automotive, oil and gas, chemicals, agriculture, fishing, and forestry, manufacturing, retail, and healthcare and pharmaceutical, among others.
The major players in the market are United Parcel Service, Inc., Schenker AG, C.H. Robinson Worldwide, Inc., J B Hunt Transport Services Inc., FedEx Corp., XPO Inc., Landstar System, Inc., Yellow Corp., Knight-Swift Transportation Holdings, Inc., Polaris Transportation Group, and WeFreight, among others.
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